Steve Baker on the Libor scandal and directors’ liability
byTCC Board Member, Steve Baker MP, has been on the front line this week trying to bring his sound economic judgement to bear on…
June, 2012
Why Nations Fail
byWhy Nations Fail is the title of the lavishly praised recent book by two academics: Daron Acemoglu (MIT) and James Robinson (Harvard). It is…
The danger of external debts
byEconomists and journalists often point to the danger of external public debts — in contrast to internal debts, which are regarded as less troublesome….
Another “Operation Twist” will cause more damage to the economy
byLast week the US central bank has announced that it will expand its “Operation Twist” program to extend the maturities of assets on its…
Detlev Schlichter and Steve Baker on Radio 4’s The World at One
byTCC Senior Fellow Detlev Schlichter appeared on The World at One to highlight the folly of reckless spending and ever-increasing debt that is now…
Regulators classify gold as zero-risk asset
byIn an Amphora Report last month, The Canary in the Gold Mine, I made the case that a key reason why gold has not…
Wen passes, Ben twists, Angela sticks
byIn a new paper from the HKUST academic team of Li, Liu & Wang, the authors lay out a clear exposition of the way…
The unseen hand
byThe assessment of economic growth based on Gross Domestic Product is a fallacy, because GDP is merely a measure of the amount of money…
Passing the bailout buck
byRecently, there has been an intense debate in Europe on the TARGET2 system (Trans-European Automated Real-time Gross Settlement Express Transfer System 2), which is…
Contemporary Austrian Economics and Non-neutral Money
byPeter J. Boettke has brought together a collection of young economists to outline the core propositions that make Austrian Economics distinct. The book –…